Punjab National Bank: News
₹7.4cr currency notes replaced with counterfeits at UP PNB vault
A shocking case of currency fraud has been reported at the Punjab National Bank (PNB) currency chest in Saharanpur, Uttar Pradesh.
PNB's net profit to cross ₹20,000cr mark in FY27
Punjab National Bank (PNB) is confident that its net profit will cross the ₹20,000 crore mark in FY27.
18-year-old arrested after running ₹64cr cyber fraud network using AI
The Surat City Cyber Crime Cell has arrested an 18-year-old Class 11 dropout, Rohit Virendrasinh Shakya, for allegedly running a nationwide cyber fraud network.
PNB raises $420M in overseas fundraising, targets $2.5B by September
Punjab National Bank (PNB) has secured around $419 million in Foreign Currency Non-Resident Bank (FCNR(B)) deposits.
PNB's Q1 net profit surges over 300% to ₹5,200cr
Punjab National Bank (PNB) has reported a massive surge in its net profit for the first quarter of fiscal year 2026-27.
PNB's Q4 results: Net profit rise 14% YoY to ₹5,225cr
Punjab National Bank (PNB) has reported a strong 14% year-on-year increase in its net profit for the fourth quarter of FY26.
Punjab National Bank's Q3 profit rises 12% to ₹5,190cr
Punjab National Bank (PNB), the government-owned lender, has announced an 11.6% year-on-year (YoY) growth in its consolidated net profit for the December quarter of FY26.
PNB just flagged a ₹2,434cr loan fraud to the RBI
Punjab National Bank (PNB) has flagged a loan fraud of ₹2,434 crore to the Reserve Bank of India (RBI).
Belgium Supreme Court clears Mehul Choksi's extradition in ₹13,850cr scam
The Court of Cassation in Belgium has cleared the extradition of fugitive diamond trader Mehul Choksi to India.
Your PNB home loan EMIs are about to become cheaper
State-owned Punjab National Bank (PNB) has announced a reduction in its Repo Linked Lending Rate (RLLR), following the Reserve Bank of India's (RBI) decision to cut the repo rate on December 5.
Government bank stocks crash 6% today: What's the reason?
Shares of public sector banks (PSBs) have witnessed a sharp decline today.
Modi government might merge 12 public sector banks into 4
The Indian government is working on a major consolidation plan for public sector banks (PSBs).
Mehul Choksi challenges extradition to India in Belgium's Supreme Court
Fugitive diamantaire Mehul Choksi has challenged his extradition to India at the Supreme Court of Belgium.
Why PNB is bracing for a $1B financial hit
Punjab National Bank (PNB) is bracing for a massive financial hit of $1.03 billion as it shifts to a new credit loss framework mandated by the Reserve Bank of India (RBI).
PNB's Q2 results: Net profit up 14% YoY to ₹4,904cr
Punjab National Bank (PNB) has reported a whopping 14% increase in its net profit for the second quarter of FY26.
Belgian court clears Mehul Choksi's extradition to India
A Belgian court has cleared the extradition of fugitive diamantaire Mehul Choksi to India.
PNB to sell non-performing assets worth ₹5,000cr to these companies
Punjab National Bank (PNB) has identified around 100 non-performing asset (NPA) accounts for sale to asset reconstruction companies (ARCs) in the current fiscal.
RBI has good news for nominees of deceased bank customers
The Reserve Bank of India (RBI) has announced plans to standardize the procedure for settling claims pertaining to bank accounts and safe deposit lockers of deceased customers.
Why did PNB Housing Finance's CEO quit? Bank explains
Ashok Chandra, the MD and CEO of Punjab National Bank (PNB), has clarified that the resignation of Girish Kousgi from his role as MD and CEO of PNB Housing Finance was purely because of personal reasons.
How government banks are easing burden on savings account holders
In a major policy shift, all public sector banks (PSBs) in India may soon scrap penalties for not maintaining a minimum balance in savings accounts.
Government banks likely to hire 50,000 employees this fiscal
India's public sector banks are gearing up for a massive recruitment drive, with plans to hire around 50,000 new employees in the current financial year.
Nirav Modi's brother Nehal arrested in US: Details here
Nehal Deepak Modi, the younger brother of fugitive businessman Nirav Modi, was arrested in the United States.
'Choksi detained for further judicial proceeding': Belgium issues first statement
Fugitive businessman Mehul Choksi, arrested in Belgium on Saturday at Indian authorities' request, is being kept for "further judicial proceedings," confirmed Belgian Federal Public Service of Justice.
Vijay Mallya moves HC, says 'banks recovering debt multiple times'
Fugitive businessman Vijay Mallya has approached the Karnataka High Court, challenging the ongoing debt recovery proceedings against him.
Suchi Semicon starts chip production, investing $100M in 3 years
Gujarat-based Suchi Semicon has started semiconductor production without waiting for central government incentives.
Madhya Pradesh couple die by suicide, leave Rahul Gandhi note
A suicide note left by a Madhya Pradesh couple has triggered a political row.
Canara Bank revises fixed deposit interest rates: Check new figures
Canara Bank has revised its fixed deposit (FD) interest rates for amounts less than ₹3 crore, effective December 1, 2024.
Want a loan? Check out interest rates from leading banks
Several Indian banks, including State Bank of India (SBI), Bank of Baroda, HDFC Bank, and IDBI Bank have announced an increase in their marginal cost-based lending rates (MCLR) for certain tenures this month.
Karnataka lifts ban on SBI, PNB after recovering 'embezzled' funds
The Karnataka government has rescinded a previous directive that prohibited its departments from conducting business with the State Bank of India (SBI) and Punjab National Bank (PNB).
Why Karnataka government has suspended transactions with SBI, PNB
In a dramatic move, the Karnataka government has issued an order to suspend all transactions with the State Bank of India (SBI) and Punjab National Bank (PNB).
PNB reports stellar Q1 results: Profit up 159% to ₹3,252cr
Punjab National Bank (PNB), a state-owned lender, has reported a significant surge in its net profit for the first quarter of the 2024-25 financial year (FY).
PC Jeweller to settle bank loans with ₹2,705 crore fundraising
PC Jeweller Ltd has unveiled plans to raise up to ₹2,705 crore by issuing warrants on a preferential basis.
PNB to open office in Dubai, expanding international footprint
Punjab National Bank (PNB), a state-owned entity, has unveiled plans to establish a representative office in Dubai as part of its global expansion strategy.
Refund of fraud transactions: Victim wins decade-long case against PNB
A Railway Police Force (RPF) constable recently emerged victorious in a 10-year-long legal battle against Punjab National Bank (PNB) over an fraud transaction case, as reported by the Economic Times.
PNB's Q3 profit surges three-fold to over Rs. 2,200 crore
Punjab National Bank (PNB) has reported a significant increase in its profit for the quarter ended December 2023.
PNB joins the Rs. 1L crore market cap league
Punjab National Bank (PNB) joined the ranks of State Bank of India and Bank of Baroda as the third Indian lender to surpass a market cap of Rs. 1 lakh crore.
RBI penalizes PNB, Federal Bank for violating KYC norms
RBI has imposed penalties on several entities for non-compliance with regulatory norms.
PNB reports a 327% rise in Q2 net profit
Punjab National Bank (PNB) has revealed a remarkable 327% surge in net profit for the second quarter of the fiscal year, amounting to Rs. 1,756 crore.
Loan EMIs to increase as major banks hike interest rates
ICICI Bank, Punjab National Bank (PNB), and Bank of India (BOI) have updated their marginal cost-based lending rates (MCLR) on loans.
Big relief for Mehul Choksi, can't be extradited from Antigua
Fugitive diamantaire Mehul Choksi—who is wanted in India for his involvement in a Rs. 13,500 crore fraud case—got a big relief from the High Court of Antigua and Barbuda, reported ANI.